Art Deco 10-Unit Apartment
6805 Abbott Avenue Miami Beach, FL 33141
For Sale
$2,390,000
Art Deco 10-unit multifamily building with eight one-bedrooms and two two-bedrooms, on-site laundry, and recent renovations.
Property Size7,733 SF
Price / SF$309.07
Days on Market2383
Property Features for 6805 Abbott Avenue
General Information
- Standard status
- Active
- Size
- 7,733 SF
- Property subtype
- Commercial/Industrial / Income/Multi Family
Building Details
- Year Built
- 1948
Listing Agency:
Beachfront Realty Inc
(305) 405-0615
Listed By:
Elisa Diaine · License #3239715
(305) 405-0615
Source:
Compass
Added: Jan 13, 2020
Changed: Jul 23
Last Checked: Jul 23 at 4:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Beachfront Realty Inc
Investment Insights
Based on property information with market context.
Art Deco multifamily building offering 10 total apartments, including 8 one-bedroom units and 2 two-bedroom units. The property is described as being in excellent condition, and most units have been recently renovated with large floor plans. The building also features a completed 40-year certification dated January 2018, on-site laundry, and lush landscaping.
Located at 6805 Abbott Avenue in Miami Beach, the property is positioned in the heart of Mid-Beach with walking distance to nearly beaches, supporting everyday convenience for tenants.
With a primarily one-bedroom mix and ongoing occupancy by long-term tenants, the building presents a straightforward income-producing configuration for an owner seeking an easier management setup.
Located at 6805 Abbott Avenue in Miami Beach, the property is positioned in the heart of Mid-Beach with walking distance to nearly beaches, supporting everyday convenience for tenants.
With a primarily one-bedroom mix and ongoing occupancy by long-term tenants, the building presents a straightforward income-producing configuration for an owner seeking an easier management setup.
Key Highlights
- 10‑unit Art Deco multifamily building built in 1948
- Unit mix: 8 one‑bedroom and 2 two‑bedroom apartments
- Most units recently renovated with large floor plans; occupied by long‑term tenants
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $226.4k | $29.28 |
| − Vacancy | −$10.2k | −$1.32 |
| EGI | $216.2k | $27.96 |
| − OpEx | −$97.3k | −$12.58 |
| NOI | $118.9k | $15.38 |
7,733 SF · lease $29.28/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.70M
$1.49M – $1.98M
NOI $118,928 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.92M
$3.43M – $4.58M
NOI $274,629 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Art Deco 10-unit multifamily building with eight one-bedrooms and two two-bedrooms, on-site laundry, and recent renovations.
Where is this apartment building located?
The property is located at 6805 Abbott Avenue Miami Beach, FL.
What is the asking price?
The asking price for this property is $2,390,000.
What are key features of this property?
This property features: 10‑unit Art Deco multifamily building built in 1948; Unit mix: 8 one‑bedroom and 2 two‑bedroom apartments; Most units recently renovated with large floor plans; occupied by long‑term tenants
